Oppenheimer initiated coverage on shares of Mongodb (NASDAQ:MDB) in a research note published on Wednesday, MarketBeat Ratings reports. The firm issued an outperform rating and a $80.00 price objective on the stock.
A number of other research firms have also commented on MDB. Monness Crespi & Hardt boosted their price target on shares of Mongodb from $60.00 to $90.00 and gave the company a buy rating in a research report on Thursday, September 6th. Stifel Nicolaus boosted their price target on shares of Mongodb from $53.00 to $80.00 and gave the company a buy rating in a research report on Thursday, September 6th. Barclays boosted their price target on shares of Mongodb from $57.00 to $72.00 and gave the company an overweight rating in a research report on Wednesday, August 15th. Zacks Investment Research lowered shares of Mongodb from a hold rating to a sell rating in a research report on Wednesday, September 12th. Finally, Morgan Stanley boosted their price target on shares of Mongodb from $41.00 to $66.00 and gave the company an equal weight rating in a research report on Thursday, August 30th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and eleven have given a buy rating to the company. Mongodb presently has a consensus rating of Hold and a consensus target price of $71.87.
Mongodb stock traded down $3.75 during mid-day trading on Wednesday, reaching $65.04. The company’s stock had a trading volume of 1,489,190 shares, compared to its average volume of 989,650. The firm has a market capitalization of $3.59 billion and a price-to-earnings ratio of -37.38. The company has a current ratio of 3.74, a quick ratio of 3.74 and a debt-to-equity ratio of 1.01. Mongodb has a 12-month low of $24.62 and a 12-month high of $85.25.
Mongodb (NASDAQ:MDB) last released its quarterly earnings results on Wednesday, September 5th. The company reported ($0.41) EPS for the quarter, beating analysts’ consensus estimates of ($0.45) by $0.04. The firm had revenue of $57.50 million during the quarter, compared to analyst estimates of $51.75 million. Mongodb had a negative net margin of 57.74% and a negative return on equity of 52.67%. Mongodb’s revenue for the quarter was up 61.5% compared to the same quarter last year. On average, equities research analysts forecast that Mongodb will post -2.24 EPS for the current year.
In other Mongodb news, insider Thomas Bull sold 5,069 shares of the business’s stock in a transaction on Tuesday, October 2nd. The shares were sold at an average price of $75.72, for a total value of $383,824.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Michael Lawrence Gordon sold 100,000 shares of the business’s stock in a transaction on Tuesday, September 11th. The stock was sold at an average price of $83.77, for a total transaction of $8,377,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 316,683 shares of company stock valued at $24,801,085 over the last ninety days. 40.04% of the stock is currently owned by insiders.
A number of institutional investors have recently bought and sold shares of MDB. Schwab Charles Investment Management Inc. bought a new stake in Mongodb in the first quarter worth $217,000. Northern Trust Corp raised its stake in shares of Mongodb by 26.0% during the first quarter. Northern Trust Corp now owns 19,672 shares of the company’s stock valued at $854,000 after acquiring an additional 4,060 shares during the last quarter. BlackRock Inc. raised its stake in shares of Mongodb by 268.3% during the first quarter. BlackRock Inc. now owns 1,246,117 shares of the company’s stock valued at $54,081,000 after acquiring an additional 907,784 shares during the last quarter. UBS Group AG raised its stake in shares of Mongodb by 267.4% during the first quarter. UBS Group AG now owns 5,052 shares of the company’s stock valued at $219,000 after acquiring an additional 3,677 shares during the last quarter. Finally, A.R.T. Advisors LLC bought a new position in shares of Mongodb during the first quarter valued at about $333,000. 42.06% of the stock is owned by institutional investors and hedge funds.
MongoDB, Inc operates as a general purpose database platform worldwide. The company offers MongoDB Enterprise Advanced, a subscription package for enterprise customers to run in the cloud, on-premise, or in a hybrid environment; MongoDB Atlas, a cloud-hosted database-as-a-service solution; and Community Server, a free-to-download version of its database, which includes the functionality that developers need to get started with MongoDB.
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